Bamboo Rose, the Boston-based multi-enterprise platform for retailers and brands, has announced its placement as a niche player within Gartner’s Magic Quadrant for Multi-enterprise Supply Chain Business Networks. The information technology company serves 250,000 user members across 85 major retailers, 400 brands, and 35,000 suppliers, and service providers.

“We are thrilled to be included in this year’s Magic Quadrant. We’ve been a dedicated partner to retailers, brands, suppliers, and their business communities as they’ve leveraged our platform to drive mutual value. We think our inclusion in this year’s report validates Bamboo Rose’s strategic focus on these industries as they manage supply chain complexity and product innovation in fast-moving consumer markets,” Bamboo Rose CEO, Sue Welch said in a press release.

Multi-enterprise supply chain business networks (MESCBNs) are an essential technology component to a successful high-maturity, digital transformation. Executives must understand that their company needs to operate within such networks to stay competitive, in other words, minimise risk, increase efficiency, reduce cost, and capitalise on opportunities.

The Bamboo Rose platform supports simultaneous collaboration with retail business partners while also providing business process applications that support product innovation, sourcing, product lifecycle management (PLM), order management, sales order management, logistics, and trade compliance.

“In recent years, we’ve seen clients leverage our multi-enterprise platform to reduce cycle times by four to six weeks, boost sales by more than ten percent, reduce safety stock by $50M or more, and cut operating expenses by up to 40 percent. We’re now at a point in which multi-enterprise capability is as vital as ever to drive virtual collaboration and manage supply chain complexity, so we couldn’t be happier to be included in Gartner’s industry-leading coverage of this particular space,” Welch said.

Gartner Peer Insights tracks customer experience through verified ratings and peer reviews from retail industry professionals.

Fibre2Fashion News Desk (GK)

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